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Updated: August 5, 2011 16:47 IST

Sensex crashes

BL Bureau
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A sign board at the Dalal Street reflecting the mood of the markets in Mumbai as the BSE sensex was down by over 700 points on Friday. File photo: Paul Noronha
The Hindu A sign board at the Dalal Street reflecting the mood of the markets in Mumbai as the BSE sensex was down by over 700 points on Friday. File photo: Paul Noronha

The Bombay Stock Exchange benchmark Sensex ended the session today with a steep fall of over 370 points on heavy selling by funds and investors taking cues from weak Asian markets.

Asian shares plummeted following carnage in the US and European markets amid fears the world was heading towards another financial crisis. Investors were worried over a possible recession in the US.

At 3.30 p.m., the 30-share BSE index Sensex was down 371.25 points or 2.1 per cent at 17,321.93 and the 50-share NSE index Nifty was down 107.75 points or 2.02 per cent at 5,224.05.

Volume toppers during the session were RIL, Tata Steel, SBI, L&T and Infosys. Major Sensex losers were Infosys, RIL, ICICI Bank, TCS, ITC, Tata Steel and Sterlite Industries. Cipla, Hindalco Industries and ONGC were the major gainers.

Among the Sensex scrips, Rel Infra was down 7.7 per cent at Rs 522.30, RCom 6.8 per cent at Rs 92.45, Sterlite Industries 5.99 per cent at Rs 142.10, Tata Steel 4.46 per cent at Rs 533 and Infosys 4.26 per cent at Rs 2,593.

All the sectoral indices plunged into deep red. Among them, IT was down 3.91 per cent, teck 3.3 per cent, power 3.17 per cent and realty 3.03 per cent. Of the total 2,986 stocks traded, 553 advanced, 2,373 declined and 60 remained unchanged.

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